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. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress
. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us...
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Nov 30, 2012
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. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with a new stimulus. this is almost unheard of. what do they expect? they obviously expect they will cave on everything. i think they ought to simply walk away. the president is the president. he is the leader. they are remanning republicans explain all of the cuts they want to mac. we had that movie a year and a half ago where paul ryan presented a budget a serious real budget with real cuts, obama was supposed to give a speech in which he would respond with a counteroffer. he gave a speech we had ryan sitting in the front row. he called the ryan proposal unamerican offered not
. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with...
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Dec 7, 2012
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any deal to avoid the fiscal cliff is up to president obama and house of representatives spear boehner but never is very optimistic. the latest on the negotiations which will affect us all is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >>shepard: we have signs of improvement in the job markets with millions still out of the work. the national unemployment rate fell from 7.9 percent to 7.7 percent last month. that is the lowest rate in four years. it comes despite the loss linked to super storm sandy. but the government reports the unemployment rate fell largely because so many americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not b
any deal to avoid the fiscal cliff is up to president obama and house of representatives spear boehner but never is very optimistic. the latest on the negotiations which will affect us all is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >>shepard: we have signs of improvement in the job markets with millions...
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Dec 3, 2012
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cliff deal or we go over the deadline and get a huge fiscal cliff-induced selloff. i thinks these stocks bounce hard, and smoke first, when the smoke clears from the cliff jump. let's go to logan in texas. >> caller: my question is, there's been a lot of talk about 3-d printers and 3-d systems and stratus, and i'm curious what you think of the industry, and stratus has had a merger today, and they had a big selloff. what do you see specifically with their future. >> ted, my research assistant and i have been going over this. we decided we have to do a full-blown piece on it. it comes up too much and it sounds too interesting. we talked about it this morning. are you listening in my office? i felt it was not right until i had done more work on this. to really say it was good or not. it's not an easy story to know. let's go to phillip in arizona, phillip? >> caller: hi, jim, greetings from sunny, tucson, arizona, thank you for having me on the show and for all the great books you've written, i've read almost all of them. the stock i have for you is cbg, convergeis, th
cliff deal or we go over the deadline and get a huge fiscal cliff-induced selloff. i thinks these stocks bounce hard, and smoke first, when the smoke clears from the cliff jump. let's go to logan in texas. >> caller: my question is, there's been a lot of talk about 3-d printers and 3-d systems and stratus, and i'm curious what you think of the industry, and stratus has had a merger today, and they had a big selloff. what do you see specifically with their future. >> ted, my research...
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Dec 4, 2012
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possible deal to bridge the fiscal cliff in washington. but through the period these ten growth stocks have held up surprisingly well. i say surprising, because these stocks all had huge gains going into the fourth quarter. and with the fiscal cliff looming, many investors have been selling their biggest winners to take advantage of the current low capital gains tax rates that will likely go away come january. if we get a positive resolution caught to the fiscal cliff, you'll want to buy these stocks hand over fist. because then they'll really be able to roar. how have the anointed names done? >> amazon started at 259, pulled back to 220 before rebounding to 250, where it is right now. google has been pounded. it went from over 760 to below 660, but it's rebounded to 695. mastercard and visa, they took 25-point dives. i told to you buy them into weakness. falling from 475 to 450, and rallied to 487. these are great ones to buy now. a dozen points where above where i recommended. that's a win. visa has moved up nicely from 136 to 149. ulta
possible deal to bridge the fiscal cliff in washington. but through the period these ten growth stocks have held up surprisingly well. i say surprising, because these stocks all had huge gains going into the fourth quarter. and with the fiscal cliff looming, many investors have been selling their biggest winners to take advantage of the current low capital gains tax rates that will likely go away come january. if we get a positive resolution caught to the fiscal cliff, you'll want to buy these...
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Nov 29, 2012
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but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, but who are more pessimistic. the clock is really ticking. about ten legislative days left in the year. outlines are there but the willingness to do it and the ability to get it done in time, i'm more disappointed than i thought i would be at this point. on the other hand, this is the
but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later....
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how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million going after republicans who they thought weren't conservative enough in the last election. listen to what they have to say about john boehner now. >> when he couples this conservative purging with a negotiated tax increase of $800 billion we are starting to see more and more signs that he's not dedicated to fiscally conservative beliefs. >> reporter: mr. roth said if he doesn't watch it he can lose his speakership and there are others in the city talking about what they can do to reign in the g.o.p. leadership as a group from raising taxes after republicans spent the last year on t
how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million...
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Dec 5, 2012
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a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
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cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an extension of middle class tax cuts now. democrats say their position is clear and they want a serious offer from republicans. >> the american people want us to avoid the "fiscal cliff" with a balanced approach. >> reporter: geithner is here in the halls of congress trying to clear some big hurdles with republicans. once a deal is closer president obama will take over the talks. so far independent senator joe lieberman is not encouraged. >> if we go over the cliff it's going to send the country back into recession. >> reporter:
cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an...
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and my only point is, you know, if we had a game, and every time the term fiscal cliff came up people had to donate a dollar to something, you'd be amazed in the course of a week or two how often this has been repeated like a mantra. i compared to a great essay by tom wolf in which people chanted and made noise in order to get their way. i think we ought to recognize this entire fiscal cliff is an artificial invention of washington, created by people in the congress and the presidency, and it can be broken down by them into a series of steps that can be taken without having to be rushed into one gigantic last-minute, little understood, with no hearings, one vote up or down, i think it's a terrible way to govern the united states. >> greta: well, the sequestration deadline is coming up the 1st of january. what people are saying on capitol hill, the president is saying, congress is saying, it may be scary stuff, but if we go over the fiscal cliff that all sorts of things will happen, that there will be another recession, we'll go deeper into our existing one, if we have an existing one,
and my only point is, you know, if we had a game, and every time the term fiscal cliff came up people had to donate a dollar to something, you'd be amazed in the course of a week or two how often this has been repeated like a mantra. i compared to a great essay by tom wolf in which people chanted and made noise in order to get their way. i think we ought to recognize this entire fiscal cliff is an artificial invention of washington, created by people in the congress and the presidency, and it...
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can strike a deal to avoid going over that fiscal cliff. number one tonight, a mechanic in missouri says is he planning a pretty good christmas after he won half of that record power ball jackpot. first on the list. his adopted daughter wants a pony. and that's "the fox report's" top five. an on this day in 1892. a young sing from her gary, indiana made music history with a release of his album "thriller." michael jackson was already a star at the time but "thriller" was a game changer with seven top then hits including billy jean and title track. "thriller" became the best selling album of all time went on to win a record 8 grammy awards sealing his place in history as the king of pop. despite his untimely death at the age of 50. michael jackson's will legacy hs withstood the test of time.
can strike a deal to avoid going over that fiscal cliff. number one tonight, a mechanic in missouri says is he planning a pretty good christmas after he won half of that record power ball jackpot. first on the list. his adopted daughter wants a pony. and that's "the fox report's" top five. an on this day in 1892. a young sing from her gary, indiana made music history with a release of his album "thriller." michael jackson was already a star at the time but...
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you had to deal with the bad republican hand on the fiscal cliff now for better part of a month. this is something to look forward to. that you have two republicans leading the party of this stature and capability. who are movement conservatives in the sense they're both intellectuals. to get these issues viscerally this is something to put you in a good mood. >> bret: rubio talked about the middle class. ryan talked about lifting people out of poverty. different messages than we heard on the campaign trail this past year. >> rub row also seemed to be sort of disagreeing with mitt romney's argument a little bit. the 47% people who just want hand-outs. kind of a thing. which he disagreed with before. it's interesting because i think it's reprehensible message. i also, i wonder where jeb bush fits in to this also. i can't speak to that since i'm not a conservative but i think he would be one of leading contenders along with these two gentlemen. >> charles? >> i share steve's optimism. we are looking at the future of the party. generational change. the goldwater republicans and the
you had to deal with the bad republican hand on the fiscal cliff now for better part of a month. this is something to look forward to. that you have two republicans leading the party of this stature and capability. who are movement conservatives in the sense they're both intellectuals. to get these issues viscerally this is something to put you in a good mood. >> bret: rubio talked about the middle class. ryan talked about lifting people out of poverty. different messages than we heard on...
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speak, roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff and do you think that at least the promise of spending cuts has to be included in this level of deal at this time? >> i don't think it's productive for either side to what i out hard lines in terms of what the size of the spending cuts ought to be. there are a lot of options on how you can get there. but the second part of your question was -- >> my question is do you think the promise of spending cuts has to be included in the deal that overts a fiscal cliff. >> there is a framework that we presented to the white house two weeks ago. the framework has been agreed to in terms of really a down payment on the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year and tax reform next year. but this is way out of balance. and not recognition on the part of the white house about the serious spending problem that we have. >> based on the procespect of going over the fiscal cliff which you just called serious bus
speak, roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff and do you think that at least the promise of spending cuts has to be included in this level of deal at this time? >> i don't think it's productive for either side to what i out hard lines in terms of what the size of the spending cuts ought to be. there are a lot of options on how you can get there. but the second part of your question was -- >> my question is do you think the...
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Nov 30, 2012
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take that deal. don't go over the fiscal cliff. live to find another deal on a grand bargain. tax reform, entitlement. >> you really think democrats, they get that tax increase, that they're going to come and give spending cuts late sner. >> i think there are ways you can try to make it. eric's made a great point historically that things like ruddman, the spending cuts never end up happening. everyone who's realistic at the table recognizes you've got to have a balanced plan. serious cuts and revenue increases. you can't -- >> we've had 18 debt and deficit commissions since '81. the cuts never came. >> cynicism isn't a plan though, eric. we need to put forward a plan. can't just keep saying they're screwing it up. >> if you don't put cuts in though with tax increase, you've got a problem because it's easy to raise taxes on a few people. most people will not support cuts that hurt them. >> you've got to have entitlement reform. >> you can actually lower rates, close loopholes and raise revenue. >> all right. thanks to both. appreciate it. more than two months after the deadly a
take that deal. don't go over the fiscal cliff. live to find another deal on a grand bargain. tax reform, entitlement. >> you really think democrats, they get that tax increase, that they're going to come and give spending cuts late sner. >> i think there are ways you can try to make it. eric's made a great point historically that things like ruddman, the spending cuts never end up happening. everyone who's realistic at the table recognizes you've got to have a balanced plan....
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the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual meetings with the top four leaders of congress. what republicans have said they want to hear, and republicans will be critical, because they need republican support to get any final fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy gr
the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual...
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remish, you have written about the pessimistic view on the fiscal cliff negotiations. why don't you think a deal gets done? >> well, i just think the parties are too far apart. if president obama wants republicans to agree not only to allow the top tax rates to go up, but also put a new millionaire surtax, new stimulus funding, there's no way republicans do that without many entitlement reform. i think the democrats are prepared to allow, and that's why i just think that i agree with the congressman. i think that we are likely not to get a deal before the beginning of the year. >> but do you think it was a senator lindsey graham indicated there at the beginning, do you think it was a political calculation or is a political calculation on the part of the white house? >> well, i think there are political calculations being made by everybody in washington right now, but i don't think it's a secret that the democrats believe, in a lot of cases, that they have the upper hand in the p.r. war over this issue. >> perry, this is grover norquist just a few hours ago on "meet the
remish, you have written about the pessimistic view on the fiscal cliff negotiations. why don't you think a deal gets done? >> well, i just think the parties are too far apart. if president obama wants republicans to agree not only to allow the top tax rates to go up, but also put a new millionaire surtax, new stimulus funding, there's no way republicans do that without many entitlement reform. i think the democrats are prepared to allow, and that's why i just think that i agree with the...
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cliff deal. peter barnes live on capitol hill has been monitoring the secretary's movements. peter: he just had a meeting a little bit ago with john boehner and this follows a 15 minute phone call john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid major proposals from the white house on spending cuts and entitlement reform. right now tim geithner is meeting with senate republican leader mitch mccoll was a key player in this, meeting at 1:00 or so with house democrattc leader nancy pelosi in the earlier first this morning with senate democratic leader harry reid.
cliff deal. peter barnes live on capitol hill has been monitoring the secretary's movements. peter: he just had a meeting a little bit ago with john boehner and this follows a 15 minute phone call john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the...
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but going over the fiscal cliff is serious business. >> reporter: any real deal-making is the stuff of quiet conversations and meetings. rob neighbors used the language of high-stakes diplomacy to respond to john boehner's complaint >> i thought the conversation was very direct. and as always, i appreciate directness. >> reporter: while the senate majority leader, harry reid, was very blunt about being pessimistic. >> i don't understand his brain, you should ask him. >> reporter: visiting their nation's capitol today, mixed expectations from tourists from georgia and texas >> i hope they get it, more than i did before the election. >> of course i'm nervous, you never know what politicians are going to do. >> reporter: democrats, still lifted by their election success, argued that voters chose higher tax rates for wealthy americans as part of any plan to cut the deficit. and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they
but going over the fiscal cliff is serious business. >> reporter: any real deal-making is the stuff of quiet conversations and meetings. rob neighbors used the language of high-stakes diplomacy to respond to john boehner's complaint >> i thought the conversation was very direct. and as always, i appreciate directness. >> reporter: while the senate majority leader, harry reid, was very blunt about being pessimistic. >> i don't understand his brain, you should ask him....
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and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're paying now but less than $39.6. is that possibly what both sides are angling to? >> you use the word vile and i'll echo that word. i think going over the cliff is a sdasster. i think social leaders negotiate the best deal they possibly can, and let's try and get this done. i would not be for playing a game of chicken, if you will, or trying to fool the american people who are pretty dad gum smart when it comes to these sorts of things. >> do you fear the right wing of your own party, a wing that says any revenue, as you heard jim demint say, no revenue, not part of the deal. do you think that's going
and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're...
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president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone no
president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not...
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that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways t
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to...
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cliff deadline is looming large? >> the makings of the deal here have been understood for a long time. on our side, we have acknowledged that there will be revenue in this piece, but we have to tackle the actual problem which is overspending. i am hoping that the president will prived leadership and give us frame work that makes sense so that we can make progress on this. >> you think the republicans should say no and walk away and not deal? >> that's not been the intent or hope. our hope is to solve the problem. we are ready to do it if the president will provide leadership. i think we can get it done. >> i wish you all of the best in the efforts to keep this alive. you can go to the website for more information about this event. it is happening in washington and why they can contribute. honorflight93.org. >> it is on the screen. it is important to not forget those who gave so much to the country. >> thank you, both. appreciate it >> hurricane sandy left many people homeless . now victims, moms and dad and children
cliff deadline is looming large? >> the makings of the deal here have been understood for a long time. on our side, we have acknowledged that there will be revenue in this piece, but we have to tackle the actual problem which is overspending. i am hoping that the president will prived leadership and give us frame work that makes sense so that we can make progress on this. >> you think the republicans should say no and walk away and not deal? >> that's not been the intent or...
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wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abb
wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the...
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we are a month away from the potential fiscal cliff that everyone is talking about. he is smiling. today the president and republican lawmakers publicly bashed each other on their plans for a deal. the details are ahead. a man with a big heart. a santa costume and a lot of $100. a lost them. he is bringing early holiday cheer to super storm sandy victims. that is ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city we met the family that held one of the winning tickets to the record-breaking $588 million powerball jackpot. cindy hill bought the ticket in dearborn, missouri, population 500, half hour north of kansas city but she held off on checking the numbers. >> i didn't find out until the next day after i took my daughter to school and i want by to sigh the numbers. i got back in the car and i didn't have my glasses and i was, like, anying is that the right number? is that the right number? i was shaking, i called my husband and i said i think i am having a heart attack. >>shepard: i want a divorce. her husband, a mechanic, s
we are a month away from the potential fiscal cliff that everyone is talking about. he is smiling. today the president and republican lawmakers publicly bashed each other on their plans for a deal. the details are ahead. a man with a big heart. a santa costume and a lot of $100. a lost them. he is bringing early holiday cheer to super storm sandy victims. that is ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city we met the...
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working on a deal to avoid the fiscal cliff. who pays the price if congress fails to act. is it a make or make term? reverend did you like the president's tone yesterday if the goal was to come to a deal to avoid the fiscal cliff? >> i think his tone was appropriate because it is even and not an taganistic and fair and balanced in its aproachh and invitesorths to come to the table and indicates a willingness to have a give and take. that's what the american people expect. >> brian: when he said to go visit a manufacturing plant with tinker toys and have a twitter address and hash my 2 k to put pressure on republicans. is that a right tone to get something done? >> i think it is not the president versus republicans. i think the president want to stay close to the american people so that when he goes in the roomm he goes in as the winner of the last election where the majority of the americans made a choice and reminds americans that he has a authority to cut a deal. >> brian: if you find out a deal is cut and no entitlement reform would you think it was successful? >> no. i
working on a deal to avoid the fiscal cliff. who pays the price if congress fails to act. is it a make or make term? reverend did you like the president's tone yesterday if the goal was to come to a deal to avoid the fiscal cliff? >> i think his tone was appropriate because it is even and not an taganistic and fair and balanced in its aproachh and invitesorths to come to the table and indicates a willingness to have a give and take. that's what the american people expect. >> brian:...
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dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening salvo in these negotiations. early on in this process, both sides appear to show some level of optimism that this would get done. in the last few days and certainly yesterday it just seems like both sides are so far apart, it's not unusual for us to see this kind of posturing and other negotiations, tough negotiations over the last four years or so. you'll see things build up whether it appears that it's going to get done. then they fall apart. in the end it does happen
dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare....
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the gloves are slowly coming off in the battle over how to get off the fiscal cliff. republicans call president bam become's opening proposal ludicrous. and absurd. the president is going public to try to ridicule the g.o.p. lawmakers to accepting the tax hikes now. >> i miss visiting towns like this. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not accept to believe me and i don't think it's acceptable for you for republicans in congress to hold middle class tax cuts hostage because they don't want the tax rates on the upper income folks to go up. >> within minutes, john boehner fired back the talks are on life support. >> let's not kid ourselves. >> boehner ripped the president for sending treasury secretary ti tim geithner to capitol hill with a proposal that led mitch mcconnell literally burst out laughing. >> the white house took three weeks to respond with any kind of proposal. and much to my disappointment, it wasn't a serious one. >> t
the gloves are slowly coming off in the battle over how to get off the fiscal cliff. republicans call president bam become's opening proposal ludicrous. and absurd. the president is going public to try to ridicule the g.o.p. lawmakers to accepting the tax hikes now. >> i miss visiting towns like this. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not...
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lawmakers are pushing to include the bill in the fiscal cliff deal. jeff flock live in woodstock, ill. with the details. jeff: we talk so much about the fiscal cliff we have forgotten that a farm bill is not getting done either and not only has it not gotten done but the old farm bill expired. a dairy cooperative in michigan, because we don't have a farm bill, what could happen in the next week to month? we ritter back to the old farm bill of 1949. >> we referred to the permanent law 1949 and january 1st which could mean a double crisis for the consumer and double crisis for the producer. >> of a great thing. the government by law would have to pay terms of the 49 law which would double the price of the milk the cows put out. it is crazy. >> it is. definitely. it is not good for anybody, the consumer or the producer. >> take a look at milk prices, trending down lately if we look at them, corn prices have stayed high. you already had enough trouble down on the farm. you can't get this done also with the senate passing a bipartisan farm bill house has p
lawmakers are pushing to include the bill in the fiscal cliff deal. jeff flock live in woodstock, ill. with the details. jeff: we talk so much about the fiscal cliff we have forgotten that a farm bill is not getting done either and not only has it not gotten done but the old farm bill expired. a dairy cooperative in michigan, because we don't have a farm bill, what could happen in the next week to month? we ritter back to the old farm bill of 1949. >> we referred to the permanent law 1949...
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the president sending timothy geithner to capitol hill in hopes of getting the fiscal cliff deal done before everyone's taxes go up. >> consolation lunch? president obama visits mitt romney to the white house today and everyone is buzzing about it. could obama offer him a job? >> congratulations to someone. you just won the gdp of a small nation. not just one but two winning tickets in last night's record powerball drawing. we'll tell you where. >> and if they will be my best friend soon. we have a packed show. john ba, rasso, adam shif, rick warren, tom cole, connie and mary bono mack and steven holcomb. >> we have so many people coming up. it is thursday, november 2. "starting point" begins right now. >>> good morning, everyone. our starting point this morning, developments happening now in cairo. the u.s. embassy there is closed. no one is being allowed in or out as we speak. >> embassy officials say protesters are blocking the entrance and clashes are happening near nearby. reza sayah is nearby for us. what's happening? >> reporter: there is no indication protesters are targeting
the president sending timothy geithner to capitol hill in hopes of getting the fiscal cliff deal done before everyone's taxes go up. >> consolation lunch? president obama visits mitt romney to the white house today and everyone is buzzing about it. could obama offer him a job? >> congratulations to someone. you just won the gdp of a small nation. not just one but two winning tickets in last night's record powerball drawing. we'll tell you where. >> and if they will be my best...
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paul ryan passed two years of budgets to deal with -- >> not fiscal cliff. >> republicans have plenty of plans on the table in terms of tax reform and entitlement reform and spending reform all of which we need to do. this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2 trillion dollars in defense cuts because he wants to cut the military and wants an unlimited credit card in terms being allowed unilaterally to raise the debt limit. he wants all of these things and he knows he will not get blamed for it. the republicans will get blamed for it no matter what happens. the gop will get blamed for it because the mia is protective the president. he has nothing to lose, jon. he is willing to go over the cliff. >> i think what he is say take us over the cliff and vote with the democrats and dare republicans not vote it for 90% of the americans wouldn't be affected by top two tax rate
paul ryan passed two years of budgets to deal with -- >> not fiscal cliff. >> republicans have plenty of plans on the table in terms of tax reform and entitlement reform and spending reform all of which we need to do. this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2...
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we'll wait for a deal on the fiscal cliff. low volume as well today. the dow closed down yesterday at 12,966. but can it gets over that 13,000 mark for the new year? pill * police say she is running out of time. an 11-year-old girl taken from the cancer ward by her mother as seen on this surveillance camera. police say if she is not found soon she could die. now a new clue was just uncovered by police, and that's next. martha: president obama may be turn together fashion world for this next ambassador to france. he may be considering anna wintour. she was a top fundraiser who helps organize a dinner. it brought in $8.2 million. we have fundraisers take on those posts. she has denied she wants it so far. we'll see. bill: 6-hour plane flight. there are new developments on the search for a u.s. girl wanted. her father was stopped at the border by police. her mother removed her mother's i.v. and walked her out of the hospital without notifying doctors. the child has a catheter in her heart. if it's not removed. there is a possibility an infection could kil
we'll wait for a deal on the fiscal cliff. low volume as well today. the dow closed down yesterday at 12,966. but can it gets over that 13,000 mark for the new year? pill * police say she is running out of time. an 11-year-old girl taken from the cancer ward by her mother as seen on this surveillance camera. police say if she is not found soon she could die. now a new clue was just uncovered by police, and that's next. martha: president obama may be turn together fashion world for this next...
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lori: fiscal cliff is the bottomless abyss. melissa: it is but we'll find out the real deal. lori: more coming up on the fist call cliff. tracy byrnes and ashley webster speak with former senator pete domenici. stay with us on fox business. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. standoff on the fiscal cliff. both side say the other needs to get serious about making a deal. the question is who will flinch first? tracy: former senator and debt reduction task force co-chair pete domenici is here. stocks twisting and turning on every word out of washington. we'll hear from a top strategist to protect your investments amid all the volatility. ashley: a trillion dollar problem getting enough attention. american student loan debt surging now topping credit cards and auto loans. tracy: we'll. ashley: we'll have you will the very pering numbers ahead. tracy: after all that i said senator domenici's name wrong. nicole petallides is on the floor of new york stock exchange. nicole, stocks trying to hold onto this 50 point gain here. >> we're actually moving
lori: fiscal cliff is the bottomless abyss. melissa: it is but we'll find out the real deal. lori: more coming up on the fist call cliff. tracy byrnes and ashley webster speak with former senator pete domenici. stay with us on fox business. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. standoff on the fiscal cliff. both side say the other needs to get serious about making a deal. the question is who will flinch first? tracy: former senator and debt reduction task force...
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. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >> harry reid told reporters yesterday he would like to get credit for what congress has previously cut. >> we have already done more than a billion dollars worth of cuts. >> the top democrat in the house took a similar approach. >> it is important to know that we have already agreed to over a trillion and a half dollars in cuts at both budget control and others in this session of congress. so now we are looking to see if we can do that. >> though asked what she would be willing to slash as part of this deal rank and file house members say they realize more must be done now. >> we get a senfolks making a mn dollars a year maybe the
. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >>...
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that is not a good deal and suggests that more and more democrats are thinking we should go off the fiscal cliff. >> biggest democrat to know about cliff diving is the president. >> that's right. he is the x-factor and the president is not a good negotiator. sometimes it is a shadow play we have been through before. we went through it with the debt ceiling deal . read bob woodward's deal. the president really again has a misunderstanding of compromise is. he thinks he's in power and basically the republicans should give him whatever he wants and his relationship with boehner doesn't leed lead to results. i am afraid we'll have another bad solution just like we did in 2011. >> gretchen: the cliffhanger in the whole thing. there is midterm elections coming up for some congressional democrats and republicans, do they really want to go off the cliff and be up for reelection in 20 months? >> that's right. there is an argument of thought that the president is bluffing. can because most economist and the congressional budget office said the economy will q. into another recession. does the preside
that is not a good deal and suggests that more and more democrats are thinking we should go off the fiscal cliff. >> biggest democrat to know about cliff diving is the president. >> that's right. he is the x-factor and the president is not a good negotiator. sometimes it is a shadow play we have been through before. we went through it with the debt ceiling deal . read bob woodward's deal. the president really again has a misunderstanding of compromise is. he thinks he's in power and...
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to avert the fiscal cliff. both sides seem to be digging in for a fight. the white house saying it will not agree to a deal without raising taxes on the wealthiest americans. the gop says they want to see changes made to medicare, medicaid and social security. here is republican senator kelly ayotte of new hampshire. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. i mean the revenue proposals are $1.6 trillion in revenue and tax increases. it is a massive tax increase but also, also not significant and meaningsful entitlement reforms. jon: a piece today in the "wall street journal" says more is at stake than just the fiscal cliff. quote, democratic lawmakers and party strategists say the success of his second term could ride on how this early battle unfolds. if mr. obama can cement a bipartisan deal to his liking many believe his approach to the negotiations could serve as template for tackling major issues that could play out over the next four years
to avert the fiscal cliff. both sides seem to be digging in for a fight. the white house saying it will not agree to a deal without raising taxes on the wealthiest americans. the gop says they want to see changes made to medicare, medicaid and social security. here is republican senator kelly ayotte of new hampshire. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. i mean the revenue proposals are $1.6 trillion in revenue and tax...
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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the reason is investors are holding out, they hope we get a deal on fiscal cliff. they are hopeful the november jobs report coming out at end of the week will be brighter. melissa: there we go negative. lori: stocks swinging between gains and losses today. november jobs report on friday should be the tone seter. the ism report yesterday released was below 50. so it signaled contraction. that was the first time in three months. that was very concerning to investors showing there are a lot of pressures on this economy. melissa: we have breaking news right now that could be good news for the markets and for consumers. just moments ago the los angeles mayor announcing that union and management have agreed to federal mediation, in a bid to end the strike at the ports of los angeles and long beach. that is according to a reuters report. the strike is entering its 8th daa the local clerk union for them fights for jobs they say are being threatened by technology in the future by the way. the protests are causing a near shutdown of the nation's two busiest ports and nearly
the reason is investors are holding out, they hope we get a deal on fiscal cliff. they are hopeful the november jobs report coming out at end of the week will be brighter. melissa: there we go negative. lori: stocks swinging between gains and losses today. november jobs report on friday should be the tone seter. the ism report yesterday released was below 50. so it signaled contraction. that was the first time in three months. that was very concerning to investors showing there are a lot of...
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>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he c
>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches....
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cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on
cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going...
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to avoid the fiscal cliff? because that's not what they are doing. should they include those? >> yes. and i know that democrats accept that there -- this has to be a balanced package that includes revenues and cuts and spending cuts. >> reporter: so news the white house is saying different from yesterday that spending cuts should be part of these fiscal cliff talks. where it may break down on the part about whether the president will push democrats on capitol hill to go along. it was tuesday that dick durbin said spending cuts, medicare cuts, ets, should not be part of these fiscal cliff cuts. we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report
to avoid the fiscal cliff? because that's not what they are doing. should they include those? >> yes. and i know that democrats accept that there -- this has to be a balanced package that includes revenues and cuts and spending cuts. >> reporter: so news the white house is saying different from yesterday that spending cuts should be part of these fiscal cliff talks. where it may break down on the part about whether the president will push democrats on capitol hill to go along. it...
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the fiscal cliff. but so far it's not looking like either side is willing to compromise. >> our next guest says there has been a failure in leadership to solve this crisis. joining us now is texas congressman louie gohmert. nice to see you. >> nice to see you. >> this is not necessarily against the president you have blasted g.o.p. leaders this week for a failure to lead basically saying we need to stand on our principles. they have a delegate -- delicate position to deal with. >> up until last week there had been a failure of leadership. the president out there finally pushing so far look we are going to forget the constitution. i'm going to basically pronounce law as i speak it congress hasn't done what i wanted, so we're just gonna ignore congress' constitutional right to appropriate. congress' constitutional right to set debt ceilings and we're going to ignore that that's what basically -- geithner basically announced. speaker boehner said look we can't allow that to happen. the fact is we can't. i
the fiscal cliff. but so far it's not looking like either side is willing to compromise. >> our next guest says there has been a failure in leadership to solve this crisis. joining us now is texas congressman louie gohmert. nice to see you. >> nice to see you. >> this is not necessarily against the president you have blasted g.o.p. leaders this week for a failure to lead basically saying we need to stand on our principles. they have a delegate -- delicate position to deal...
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markets around the world are up today, a sign of confidence that a fiscal cliff deal just might be in the works. we'll see. another positive sign for the economy, the broadest picture we can get of the economy's health, gdp, came in quite a bit better than expected in the third quarter. alison kosik at the new york stock exchange to explain. hi. >> reporter: hey, carol. so between july and september, the economy grew at a 2.7% rate. so that came in much better than second quarter's rate, which was 1.3%. and there's definitely good stuff here. you look deeper in the report, you find out the u.s. exported more than first thought. that's good. because we really need people in other countries to buy our stuff. that helps our economy. home building and strong corporate profits, that also helped our economy. but here's the thing. when you dig deeper in the report, past that headline number of 2.7%, you know, it's not all it's cracked up to be. businesses built up bigger inventories of their products last quarter. that helps the economy now, but the thing is, it means next quarter these busi
markets around the world are up today, a sign of confidence that a fiscal cliff deal just might be in the works. we'll see. another positive sign for the economy, the broadest picture we can get of the economy's health, gdp, came in quite a bit better than expected in the third quarter. alison kosik at the new york stock exchange to explain. hi. >> reporter: hey, carol. so between july and september, the economy grew at a 2.7% rate. so that came in much better than second quarter's rate,...
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Nov 30, 2012
11/12
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CNBC
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president obama takes to the road today to pitch his already rejected deal to solve the fiscal cliff. he will be traveling to pennsylvania to push his pitch for tax increases on the wealthy. republicans say the campaign-style tactics are getting in the way of productive talks. more companies are announcing special dividends in anticipation of higher tax rates after the new year. whole foods announced a $2 a share special dividend. also declaring one-time payouts, regal entertainment ends on pharmaceuticals and intel labs among other companies. >>> the german parliament has given its approval to the greek debt deal approved by european finance ministers earlier this week. that means that greece can receive about $57 billion in rescue loans. >>>. >> our guest host today is with us trying to rise above and fix the debt. larry, former chairman and ceo of honeywell. one of our favorite guest hosts. you come about once every quarter, larry. >> i do. >> once a quarter. and -- i don't know. last quarter was -- seems like 10, 15 years ago at this point. doesn't it? >> it does to you. to me it
president obama takes to the road today to pitch his already rejected deal to solve the fiscal cliff. he will be traveling to pennsylvania to push his pitch for tax increases on the wealthy. republicans say the campaign-style tactics are getting in the way of productive talks. more companies are announcing special dividends in anticipation of higher tax rates after the new year. whole foods announced a $2 a share special dividend. also declaring one-time payouts, regal entertainment ends on...
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Dec 4, 2012
12/12
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CSPAN2
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with the fiscal cliff, and our long term deficit challenges. we have yet to see even an acknowledgement of republican leaders of the fact that there is no deal that does not include rates going up on top earners. as the president said in the interview you cited and said before, he doesn't hold the position because it's inherently good orments to punish wealthy americans, but holds it because it's mathematically sound. it's an absolute fact there's no way to achieve balance in a broad deficit reduction package, a balance that requires significant revenues without rates going up on top earners. you cannot achieve it through promised closing of loopholes or capping of deductions, and you certainly can't achieve it through the kind of vague proposal that we see from republicans which contains no specificity whatsoever, not a single deduction named or loophole identified to be close so rates have to go up. the president believes that, and it's part of the proposal that his team put forward to congress that we need to have a frame work here that envi
with the fiscal cliff, and our long term deficit challenges. we have yet to see even an acknowledgement of republican leaders of the fact that there is no deal that does not include rates going up on top earners. as the president said in the interview you cited and said before, he doesn't hold the position because it's inherently good orments to punish wealthy americans, but holds it because it's mathematically sound. it's an absolute fact there's no way to achieve balance in a broad deficit...